Central Goods and Services Tax (Fifth Amendment) Rules, 2017 - 22/2017 - Central GST (CGST)

Input tax credit declaration procedures tightened and staged reversal of customs duty credit for imported gold dore bar prescribed.

The amendment extends certain procedural timelines and requires electronic declaration in FORM GST ITC-01 for claiming input tax credit within a prescribed period or any Commissioner notified extension, with State/Union territory extensions deemed effective centrally. It inserts Rule 44A mandating staged reversal of Central tax credit attributable to additional customs duty on imported gold dore bar-restricting ledger credit to one sixth and debiting the remaining five sixths upon supply or within a week if supply has occurred. It further updates payment processes, appointment of Joint Commissioner rank members to the Authority for Advance Ruling, registration form requirements including a substituted FORM GST REG-13, and revisions to FORM GST TRAN-1 headings and references.